When #8-Dale Earnhardt Jr. demanded 51 percent ownership of Dale Earnhardt Inc., it might have seemed logical that the son of the team founder would already own part of the company. So why doesn’t he? Because the will of his father, the seven-time Cup champion killed on the final lap of the 2001 Daytona 500, didn’t give him an ownership stake in the team. Earnhardt’s will, signed in December 1992, awards 100 percent of DEI to his widow, Teresa, Dale Jr.’s stepmother. The estate filings, which were probated in Iredell County, N.C., show that Teresa Earnhardt owns the race team.(SceneDaily.com)(5-24-2007)
